Alma Tidan Nova Volatility Arbitrage Fund

Fund Strategy

The Tidan NOVA strategy is a sophisticated, market-neutral volatility and options arbitrage program designed to consistently profit from structural options market inefficiencies, combining convexity, positive theta carry, and discretionary relative value trading. Its flexible framework allows it to function both as a standalone alpha engine or integrate with broader equity portfolios for portable alpha, offering uncorrelated performance with disciplined risk management.

Investment Manager

Tidan Capital, founded in 2020 by three alumni from Brummer and Partners with the vision of delivering alpha-driven investment strategies, is a collaborative investment platform allowing for seamless integration of expertise and innovation across diverse strategie.

Key Persons

Magnus Linder (Head of Volatility and Options Arbitrage), Partner

Magnus Linder is a distinguished financial executive who leads the development and management of institutional options and volatility-based strategies. Previously the Head of Portfolio Optimization and Derivatives Trading at a major Nordic bank, he successfully scaled its derivatives business over a decade into a prominent force within European options markets. Renowned for his expertise in risk management and execution, he pioneered the market’s first ESG derivatives and has extensively trained financial practitioners across Europe. He holds an MSc in Economics from Umeå University and a specialized trading certification from the International Trading Institute.

Dennis Karlsson (Senior Portfolio Manager, Volatility and Options Arbitrage)

Dennis Karlsson is a senior financial executive with over two decades of expertise in derivatives, risk management, and portfolio management. As Senior Portfolio Manager within Options and Volatility Arbitrage at Tidan Capital, he leads single-stock derivative strategies and drives financial innovation to generate alpha across options markets. His extensive career includes senior roles at Swedbank Markets and a decade-long tenure at Nordea, where he specialized in delivering bespoke derivative solutions to institutional clients and hedge funds. A trusted industry expert, Dennis holds Master’s degrees in Finance and Statistics from Stockholm University and actively dedicates his time to local biodiversity and environmental initiatives

Performance

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.